As of Q2'26 (2025-11-30), Nike reported Operating Cash Flow of USD 579M and Free Cash Flow of USD 386M. Both metrics showed a moderate rebound compared to the prior quarter, with Operating Cash Flow increasing from USD 222M and Free Cash Flow rising from USD 15M in Q1'26. Over the period from Q3'23 to Q2'26, both Operating and Free Cash Flow have exhibited significant volatility. After peaking in Q2'24 (USD 2.82B Operating, USD 2.61B Free), both measures experienced sharp declines, including negative values in Q1'24, before partially recovering. The overall trend suggests fluctuating cash generation, with recent quarters indicating lower and more inconsistent cash flows compared to the highs observed in fiscal 2024.